secwatch.observer — SEC 8-K summary
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Issuer:     CROWN HOLDINGS, INC. (CCK)
CIK:        0001219601
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001219601-23-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crown Holdings Q2 adjusted EPS $1.68 vs $2.10; revenue $3.1B; guides FY adjusted EPS $6.10-$6.30
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- Net sales $3,109M (-11% YoY) on lower material pass-through and volumes; segment income $414M vs $432M.
- Reported diluted EPS $1.31 vs $2.43; adjusted EPS $1.68 vs $2.10.
- Q3 adjusted EPS guidance $1.70-$1.80; FY2023 adjusted EPS $6.10-$6.30.
- Capex ~$900M, adjusted free cash flow ~$500M; expects capex to drop to ~$500M in 2024/25.
- Interest expense rose to $110M from $64M on higher debt and rates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1219601/000121960123000024/0001219601-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1219601/000121960123000024/cck-20230724.htm
  HTML page:      https://secwatch.observer/filing/0001219601-23-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer